-The graph above plots unemployment rates and inflations rates from the time period between 1970 and 2009. What does this empirical evidence seem to suggest about the Phillips curve?
Definitions:
Nature-Biologically
Referring to aspects of physical existence that are inherent and determined by genetic, physiological, and evolutionary factors.
Latent Function
An unintended or unrecognized function of a social process or institution, contrasting with its manifest (intended or obvious) function.
Hidden Curriculum
The unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school.
Cultural Capital
The non-financial social assets that promote social mobility beyond economic means, including education, intellect, style of speech, dress, or physical appearance.
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